Moneycontrol
Last Updated : Feb 28, 2015 02:28 PM IST | Source: Moneycontrol.com

Live Market Updates: Nifty reclaims 8800 but still in red; ITC plunges 9%

ITC is down 9 percent on excise duty hike on cigarettes. BHEL is down 5 percent, while NTPC, Hindalco and HDFC are losers in the Sensex.


Moneycontrol Bureau


The market is still under pressure but the Nifty has managed to reclaim 8800. The 50-share index is down 38.00 points at 8806.60. The Sensex is down 173.80 points at 29046.32.About 857 shares have advanced, 1694 shares declined, and 218 shares are unchanged.


ITC is down 9 percent on excise duty hike on cigarettes. BHEL is down 5 percent, while NTPC, Hindalco and HDFC are losers in the Sensex.


In an television interview, Finance Minister Arun Jaitley has said that the government has increased central spend on infra by Rs 70,000 crore. He also said that the government’s  revenue projections for FY16 is set at 16 percent. Jaitley added that indian states are financially more powerful now.

(Posted by Nasrin Sultana)

First Published on Feb 28, 2015 02:00 pm
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